Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
A nod for High Yield in a Rising rate environment:
https://invesco.com/pdf/HYBRR-FLY-1.pdf
Where's @Junkster when you need him...probably kneeing up a High Yield mountain trail.
Another nod for High Yield:
high yield bonds have historically not o…
@catch22,
Thanks for the response and links. I like the dynamic visual effect "the 2326 day slider" feature provides the viewer. Cool tool.
What are your impressions of the impact rising rates will have on this fund and other RE funds that derive i…
@catch22...thanks for the "catch".
Since you are more familiar with this fund (FRIFX), do you ever use it as a indicator of the broader Real Estate index (I'll use VGSIX...the index) . It seems FRIFX might serve as good indicator of whether the RE…
Comparing 1 YR performance of IYR to a Real Estate Income Fund, such as FRIFX, reveals about a (5.7%) upside difference in performance for IYR.
Real estate stock appreciation comes with a fair amount of volatility. Be prepared for that kind of …
From Article:
With hindsight, we can see that the low point for the U.S. economy was the best time to buy in, even though it felt like the worst. The relationship between economics and the stock market is not as clear as most people think.
Most of u…
I don't think it works that way. Gifted shares retain the original owner's basis. No step up except at death.
David
This is where reincarnation would come in handy... thanks for the memo.
Listen to this "Tax Proposal" interview through this @Ted link:
https://mutualfundobserver.com/discuss/discussion/36848/consuelo-mack-s-wealthtrack-guest-elda-di-re-ey-national-tax-department#latest
Is this where "re-gifting" finally loses it's negative connotation?
Estate planning moves main stream (...not really):
No way I will ever challenge the present $5M nor the proposed $10M limit, but why not sell assets keeping the new tax proposal …
Thanks for this Thread.
Wow...ICMAX...Almost 60% Cash, 20% Bonds...ER=1.4% while the 1 Yr Investor Return was 1.44%.
Another way of putting it is that the fund investors spent $2.475 M in management fees to achieve a CD rate return of 1.44% (or $…
Also,
403bwise is a website dedicated to helping 403(b) investors:
403bwise.com/
Petition your school's plan administrator to include 403(b)(7) options similar to Vanguards:
403(b)(7) Employer Kit
An alternative to 403(b) investing might be found right under the noses of the (K-12) educator who contributes through payroll deductions to fund their very own state pension. State systems often have what are referred to as "voluntary accounts" for…
Let me take an "espresso shot" at this by sharing the research of Russel Napier. The last few minutes of this interview explains the historical problem of chasing yield, especially EM corporate debt (High Yield).
My paraphrasing his words:
When ope…
Connecting the David Swenson discussion dots:
https://mutualfundobserver.com/discuss/discussion/36708/conversation-with-david-swenson#latest
@MikeM2, using VWINX (VWENX) as a retirement distribution strategy is also another worthy attribute of the …
Thought this link was worthy of the thread.
The article's introduction grabs you like a good novel:
It had been a little over a week since anyone had seen Karina Chikitova. The forest she had walked into nine days prior was known for being overrun …
Ulli the E.T.F Bully updates E.T.Fs with a Momentum ranking:
theetfbully.com/Tables/HVETFMasterCutline11102017.pdf
Investments with an Edge does something similar for with a buy, sell and hold recommendations based of the relative strength of the E…
@jlev,
How long would people wait before deciding their level of comfort/ trust with VGWAX?
I've thought about this as well. My take is when a mutual fund is introduced it has the benefit or challenges of the market cycle. Funds that became availabl…
@Slick,
You seem to have a fair number of Vanguard Funds. Why not consider moving all of them "in Kind" from Fidelity to Vanguard. I have done that for no charge. This would elevate the $75 TF Fidelity charge to buy/sell Vanguard funds as well as Va…
@Derf,
I noticed that paragraph as well...
Just typing out loud here, but Mutual Fund shares can be moved "In Kind" within your own accounts with the cooperation of the fund company. I have done this between different IRA accounts. Whether this is …
Marketwatch Article that digs into 2017 tax considerations while keeping reader's updated on both the House and Senate versions of tax overhaul bills.
Article:
here-are-the-best-ways-to-reduce-your-tax-bill-this-year-2017
Other tax Guy Articles:
h…
Myth or realty?
I read somewhere the the "track distance" relates back to the Roman Chariots and the "rut distance" between the chariot wheels as they Romanized Europe and beyond, eventual became "track distance" between railroad tracks.
My advic…
@catch22,
Another approach would be to input 2017 data using 2016 tax software (loaded on you computer off line) to approximate your 2017 taxes. Valid concern in today's day and age.
@Puddnhead commented:
The economy is booming in our neck of the woods.
From this linlked article is an alarming statistic for the Pittsburg, PA area related to Retail Debt Delinquencies.
My interest in posting this thread:
At some point in life one may have to make a decision to simplify their investments for the benefit of lovingly clueless relatives.
Even Warren Buffet has had to face this question:
Buffett describes advice he…
@MrRuffles,
Just a teacher being a (retired) teacher. Details matter. Thanks for the shout out. Wish I had acted on this, but owning Primecap (POAGX up .5% tonight and VHCOX up slightly tonight) helps soothes the wishful "gain pain" or "investors r…
Thanks @msf for sharing of your similar story and your link to such bad news. I guess the only way around the IRS's assertion is to let these shares ride until I pass allowing my heirs to receive these shares with a "stepped up basis upon death".
f…
Maybe its me, but I am an allocation guy when it come to paring down choices.
My H.S.A (@ Bruce Funds) will be BRUFX
My Roth IRA (@ TRP) will be PRWCX
My SD IRA (@Vanguard) will be VWINX or maybe even Global Wellesley, VGWIX
My Taxable account will…
From an one eyed bandit to another (hoping you feeling better...seeing sharper).
Is this the link?
https://visualcapitalist.com/hours-americans-pay-mortgage-map/
My comment:
I don't believe this maps calculations includes taxes and insurance. Som…
More thoughts...If you had no income and had no assets and inherited $1M today tax free..... would you invest it all in the market today at a 4% withdrawal rate (many people are 4-5.5%)?
This article sheds some light on the topic and one fund …
Thanks @msf,
Fuss said that investors should exercise caution by building reserves, and that they position themselves for an environment of rising interest rates
Seems like floating rate funds (Bank Loan Funds) might be a place to start:
MWFRX, PRFR…
One interesting holding of PARNX is Mattel (MTTL).
Hurt by troubles in toyland (Toys R Us) as well it its own restructuring MTTL is off almost 50% this year.
Vanguard Primecap (VPMCX) holds an almost 6% stake in MTTL. In September, PARNX added 25…
Thanks @Ted,
If you ever have an opportunity to read or listen to a Dan Fuss Interview, do so. Like Bogle, Fuss is a grandfather like figure that is both engagingly dry and full of financial wisdom.
From @Ted's article on owning bonds in today's m…
Q: Where are you finding stocks these days that meet your criteria? How does today’s environment rank on the scarce-to-plentiful/easy-to-hard scale and how does it compare to other times?
A: Japanese small caps are the single biggest pocket of gre…
On the Contrarian side Energy Services (maybe FSESX) might be ready for upward revision. Down 20% (down over 40% for 3 yrs) according to Ted's link.
Or, Select Energy (FSENX) down 9.7%:
Also, long term (10 yr) being long:
Oil Distribution Se…
